A Big Week for Virgin Trains USA, Formerly Brightline, in Florida
"Brightline, the high-speed rail service from West Palm Beach to Miami, has now secured funding to lay tracks heading north to Orlando," reports Thomas Forester.
The funding will come from a $1.75 billion bond sale. "Virgin Trains says the company’s new bond issue was also used to refund $600 million in bonds the rail service sold back in 2017," according to Forester.
Treasure Coast officials are pitching the Brightline as an alternative to driving in an increasingly congested region, but some opponents think the tracks could worsen congestion by conflicting with streets and car traffic.
While the article refers to the train system as Brightline, Richard Branson was on hand in Miami this week to officially launch the rebranding of the company after Virgin bought Brightline late last year and renamed the company Virgin Trains USA.